Crypto Market Cap Falls 0.2%, Polygon Posts 7.7% Gains

Bullet Points:
• The cryptocurrency market cap saw net outflows of $2.09 billion over the last 24 hours, currently standing at $1,044.31 billion.
• Polygon topped the list of the top 10 cryptocurrencies, posting 7.7% gains.
• Bitcoin dropped 0.2%, while Ethereum lost 1.6%.

The cryptocurrency market has seen a lot of activity over the last 24 hours. The total market cap of all digital assets dropped slightly, down 0.2%, to a total of $1,044.31 billion. This was mainly due to the slight drops of both Bitcoin and Ethereum, the two largest cryptocurrencies in the market.

Bitcoin dropped 0.2%, falling to a total of $22,960 as of 07:00 ET. Its market dominance, however, grew slightly to 42.4% from 42.3%. The price of BTC experienced a gradual downtrend, finding support at $22,541, before bulls stepped in to take the price back to pre-sell off levels.

Ethereum lost 1.6% over the last 24 hours, trading at $1,578 as of 07:00 ET. Its market dominance fell to 18.5% from 18.8%. Ethereum’s price action followed that of Bitcoin, achieving a peak of $1,599 before dropping to the support level of $1,570.

Tether (USDT) and BinanceUSD (BUSD) both saw their market caps grow, reaching $67.34 billion and $15.76 billion, respectively. USD Coin (USDC) was the only one to take a hit, dropping to $43.47 billion.

The top 10 cryptocurrencies also recorded a mixed performance over the last 24 hours. Polygon topped the list, posting 7.7% gains while Solana, yesterday’s top gainer, brings up the rear, down 2.6%. This shows that the market remains volatile and unpredictable, and that investors should remain vigilant when making decisions.